Welcome to the TFC Commodity Trading Forum.
Please feel welcome to join in on these informative ongoing discussions about trading futures and commodities.

The Trading Forum is intended for the open discussion of commodities trading. The management of this Forum does not agree or disagree with the ideas exchanged, and does not exert editorial control over the message posted herein. Read and post at your own risk. The risk of loss in trading or commodities can be substantial. We discourage the use of this Forum to promote trading that is acknowledged to be risky. Please note: many links from the Forum lead to pages on other web sites. We cannot take responsibility for nor endorse the information presented on those sites.

TFC Commodity Trading Forum

April Nat Gas/ Tighter and Tighter Range *PIC*

Nat Gas sold off to a washout low mid January and is trying to build a base. So far price has only been able to poke its nose over the falling 20ema for a few days and trade in a tight converging pattern. Price still must rally and clear 1st price resistance of 3.00 to even suggest some short term strength ahead. Breaking out of this tight converging pattern will only suggest the next very short term direction of testing its Jan low or rallying to 3.00 price resistance. Note the RSI 21 that can only rally up to the 50 line resistance and roll back down again. Nothing much bullish with NG yet. The Modified MACD while still below the 0 line in bear territory is positively crossed for the 1st time in many months indicating this base building attempt.